If you’re thinking of buying a new car or light truck in the near future, you may want to check the latest news on the global semiconductor chip shortage that has sent automakers across the world scrambling.
In your car-shopping experience this spring and summer, you may run into lower inventories, slightly less fuel-efficient vehicles and auto dealers who may be less inclined to haggle over price, says Shawn DuBravac, chief economist at IPC, an electronics manufacturing trade association.
“If there’s only one model, one car that you really want, the dealer may be apprehensive to really mark that car down,” DuBravac says.
Several of the world’s largest automakers are running short on semiconductors, an essential component of electronic devices that have are also vital for new vehicles’ infotainment modules, engines and fuel management systems.
“It isn’t uncommon to see upwards of 50 semiconductors in a vehicle today,” DuBravac says.
The problem is auto manufacturers are having trouble getting their hands on enough of these chips lately.
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